If cost price is ₹150 less than the selling price and profit is 20%, then what is the selling price ( in ₹) ?
Answer & explanation
Correct answer: option 2
SP - CP = Profit
ATQ,
20% = 150
1% = 7.5
Cost price = 100% = 100 × 7.5 = 750
Selling price = 750 + 150 = 900
The correct answer is option (2) : 900